1055 GMT - Siemens posted a better-than-expected dividend proposal alongside its fourth-quarter results, which should support shares, Jefferies analysts say in a research note. The German technology conglomerate proposed a dividend of 5.20 euros per share, up from last year's 4.70 euros, and above consensus estimated 5.0 euros. On top of that, Siemens posted strong quarterly results and a solid outlook for fiscal 2025, Jefferies says. "In our view, the outlook looks fine to us despite industrial Ebita slightly below consensus at the mid-point," the analysts say. The fiscal 2025 guidance for digital industries profit margin is wide and needs explaining, they add. Shares trade 6.3% higher at 190.58 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
November 14, 2024 05:56 ET (10:56 GMT)
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